Category: Black Economic Empowerment (B-BBEE)

DRAFT AMENDED CODES!

On the 25th of September 2019 the draft amendment Tourism B-BBEE sector codes were announced. The draft amendment Tourism sector codes aim to create a sustainable tourism industry that is globally competitive, but also transformed with the empowerment of Black people. The sub-minimum requirement for the priority elements of ownership,...

Employment Equity submission window period opens 1 September 2019 to 15 January 2020

In our previous newsletter we touched on the disconnect between Management Control and Employment Equity. In this newsletter, though, we are reminding you that the Employment Equity report submission window period to the DoL runs from the 1st of September 2019 to 15 January 2020. Designated employers (companies, government departments)...

The Disconnect between Management Control and Employment Equity

A designated employer is required in terms of the Employment Equity Act to create a representative workforce at each occupational category/level. An employer is held to be designated if they employ 50 or more employees. Should an employer have fewer than 50 employees, but have a total annual turnover as...

Jailtime for Fronting!

News within the B-BBEE community (and South African Business) has lately been dominated by articles discussing fronting and recent strides being made by the B-BBEE commission in clamping down on unlawful transactions, specific to the ownership element. In a recent article Busisiwe Ngwenya, the executive manager for compliance at the...

News Just in: Majority of ownership schemes are invalid!!

Ownership is an important priority element and, for years, we at EconoBEE have been saying that ownership needs to be done properly. Ownership deals must show valid economic interest and exercisable voting rights to black people in terms of the BEE Act. Voting rights and economic interest, and not just...

Gender Matters in BBBEE

The representation of women in the business world and economy has historically been a challenge within South Africa, more so in male-dominated professions. In terms of ownership, management control, enterprise and supplier development, skills development and socio-economic development there is recognition given to the representation of women in all five...

Is your BEE Certificate Valid?

BREAKING NEWS – Recently, a very large and well-known verification agency had their accreditation suspended by SANAS due to suspected unethical business practices. As a company, EconoBEE has always been outspoken about doing things right and implementing sustainable BEE transactions. In our line of work, our reputation, our ethics, and...

Learnerships and Apprenticeships List 2019

Please contact 011 483 1190 or email info@econobee.co.za for more information regarding the learnerships and apprenticeships on offer and the booking thereof.   Construction: Learnerships NQF SAQA Duration General Education & Training Certificate: Construction 1 49411 12 months National Certificate: Construction Road Works 2 24133 12 months National Certificate: Construction...

enterprise and supplier development

Enterprise Development within South Africa’s Current Economic Landscape

With the return of load shedding and a relatively flat economic growth trajectory, one could be forgiven for thinking that the business outlook is sluggish. How can we grow the economy and create a better South Africa for ourselves and generations to come? There are many reasons for our current...

Part Two of the Two Part Series on Skills Development:

Skills Development is not as expensive as you may think. The Skills Development Act aims to develop the skills of the South African workforce, thereby improving the quality of life for workers and giving them more prospects of work. It also aims to improve productivity in the workplace, the competitiveness...

Part One of the Two Part Series on Skills Development:

We can help alleviate your Skills Development pressure The Skills Development element can be a headache when you are trying to improve your B-BBEE scorecards. Previously, QSE’s could avoid this element by complying with other elements on the scorecard. This is now no longer possible and if QSE and Generic...

Say YES to Matriculants and move up by 2 BEE levels

Welcome back from all at EconoServ! We hope that you had a wonderful festive season and are ready to start the year off. We are very excited about 2019 and what the year has to offer! We have updated our website to include our 2019 calendar of events and have...

KZN here we come!

EconoServ has some exciting news… We have been in the BEE industry for over 10 years and are leaders in transformation. We currently service clients all over South Africa on our wide range of transformation services. We are extremely excited to announce that we are opening up an office in...

Move up by 2 BEE Levels – oh Y.E.S!

Download the YES Initiative gazette here. The YES (Youth Employment Service) initiative has been gazetted in a final version by Minister Rob Davies. The YES initiative, which focuses on employing youth allows companies to move up by 2 levels on their BEE scorecard. We invite you to a session whereby...